Life on Florida’s Suncoast remained fast-paced in the second quarter of 2021. Our sales associates were busy and seasonal visitors seemed to stay a little longer into summer possibly making up for lost time. Home sales continued strong, and Michael Saunders & Company ended the quarter number one in sales volume for both the luxury and general residential market. We garnered a 25% market share for luxury residences, homes $1 million and above, and a 14% share for the general market. Second-quarter proved that it was a great time to sell across Sarasota, Manatee and Charlotte counties. Sellers experienced two months of inventory in the luxury market with the general market seeing less than one month of inventory. However, all signs point to the fact that consumer confidence remains high for both buying and selling residences as migration to the Gulf Coast continues to build.
Read the full General Market Report here
Read the Luxury Market Report here
Across our region
Studies conducted by Keeping Current Matters and other leading industry media outlets show key motivators behind people moving from densely populated cities are due to high rent and state income tax. According to our website data and analytics, top searches by State are being generated from Florida, New York, New Jersey, Ohio, and Illinois. This indicates that many of those who are seeking to move to our area are following this national trend.
Our region continues to be a top choice for livable cities, making it a significant driver of migration from across the country. Tired of harsh winters, shoveling snow and high-income tax, they’re looking for a home that fulfills their lifestyle preferences and needs in a paradise location. The Gulf Coast offers an ideal place to work, retire or start a new chapter in life.